Overview
The financial crisis of 2007-2008 has discredited businessmodels in the banking and fund management industries. In TheFuture of Finance, Moorad Choudhry and Gino Landuyt argue thatbanks must realign their business models, implying a lowerreturn-on-equity; diversifying their funding sources; andincreasing liquidity reserves. On the investment side, the authorsdiscuss how diversification did not reduce risk, but ratheramplified it, and failed to stabilize returns. The authors concludethat the clear lesson from the crisis is to know one's risk. Alesson that is best served by concentrating on assets and sectorsthat you understand.
- Examines the weaknesses in the business models of manyinstitutions, as well as the theoretical foundation forprofessionals in the field of finance
- Identifies the shortcomings of Modern Portfolio Theory
- Addresses how investment managers can find new strategies forcreating "alpha" and why they need to re-vamp their feestructures
Filled with in-depth insights and practical advice, TheFuture of Finance will provide bankers and investment managerswith a guide to realigning their businesses in order to prosper inthe post-crisis financial markets.
This book title, The Future of Finance (A New Model for Banking and Investment), ISBN: 9780470572290, by Moorad Choudhry, Gino Landuyt, published by Wiley (November 2, 2010) is available in hardcover. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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